Shares of Jack In The Box Inc. (NASDAQ:JACK) have received a consensus recommendation of “Buy” from the sixteen analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $113.60.

Several research firms recently issued reports on JACK. Telsey Advisory Group cut shares of Jack In The Box from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $125.00 to $118.00 in a research report on Thursday, May 18th. Zacks Investment Research raised shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Wednesday, April 26th. Cowen and Company reissued a “hold” rating and issued a $100.00 target price on shares of Jack In The Box in a research report on Friday, May 12th. Bank of America Corporation reissued a “buy” rating and issued a $118.00 target price (down from $120.00) on shares of Jack In The Box in a research report on Tuesday, June 13th. Finally, BidaskClub cut shares of Jack In The Box from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th.

Jack In The Box (NASDAQ JACK) opened at 97.05 on Friday. Jack In The Box has a one year low of $91.02 and a one year high of $113.30. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 22.39 and a beta of 0.57. The stock has a 50 day moving average of $95.67 and a 200 day moving average of $101.16.

Jack In The Box (NASDAQ:JACK) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.06. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The company had revenue of $357.80 million during the quarter, compared to analyst estimates of $360.84 million. During the same period in the prior year, the business posted $1.07 earnings per share. Jack In The Box’s revenue was down 3.0% on a year-over-year basis. Analysts forecast that Jack In The Box will post $4.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. Jack In The Box’s payout ratio is currently 36.70%.

In other news, EVP Phillip H. Rudolph sold 6,908 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $103.64, for a total transaction of $715,945.12. Following the transaction, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Glen Harbor Capital Management LLC boosted its position in Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock worth $117,000 after buying an additional 16 shares during the last quarter. Tyers Asset Management LLC boosted its position in Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock worth $161,000 after buying an additional 22 shares during the last quarter. Flinton Capital Management LLC boosted its position in Jack In The Box by 1.4% in the first quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock worth $205,000 after buying an additional 28 shares during the last quarter. Neuburgh Advisers LLC boosted its position in Jack In The Box by 1.4% in the first quarter. Neuburgh Advisers LLC now owns 2,448 shares of the restaurant operator’s stock worth $249,000 after buying an additional 34 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Jack In The Box by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 2,626 shares of the restaurant operator’s stock worth $267,000 after buying an additional 67 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

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Jack In The Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

Analyst Recommendations for Jack In The Box (NASDAQ:JACK)

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